According to Deadline, Purvis and Wade wrote a treatment — an outline of a screenplay — and the treatment has been approved.

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Purvis and Wade have worked on every Bond film since 1999's The World Is Not Enough, starring Pierce Brosnan. Most recently, Purvis and Wade co-wrote the screenplay for SPECTRE. MGM, the film's distributor, has not commented.

The franchise is reportedly eyeing S.J. Clarkson for directing duties. If chosen, Clarkson would be the Bond franchise's first female director. American Animals' Bart Layton and White Boy Rick's Yann Demange are also reportedly in the running for the job.